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20121205
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Search Results 0 to 6 of about 7
CBS
Dec 12, 2012 12:00pm PST
and inflation rises to 2.5%. rates could stay near 0 for several years. here's the fed chief right there ben bernanke. the fed predicts unemployment rates will stay high until late 2015. they are working on it now. >>> house republicans are pressing the president to come up with a plan they can accept to avoid the looming "fiscal cliff." >> i was born with the glass half full. i remain the most optimistic person in this town. but we have some serious differences. >> they have work to do. president obama, house speaker john boehner spoke by phone last night after republicans sent a new deal offer but senate majority leader harry reid isn't very happy about the discussion on the senate floor this morning. reid compared the back and forth between the gop leaders and the white house to the peanuts comic strike where charlie brown tries to kick the football that keeps getting yanked away. >> we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are sometime in the future going to come up with revenue. they are going to come up with
CNN
Dec 12, 2012 2:00am PST
. christine romans is talking markets. >> and you can thank big ben bernanke, the fed chief. a lot of people saying that the federal reserve and its herculean efforts to keep the economy moving is why stocks are up, why the economy is growing, and they're expecting the fed to announce new measures, new st stimulus to keep it going. so when you hear the catch phrase that the fed is the only game in town, the fed is the only game in town. around the world it has been central banks who are independent from governments, central banks who have been doing so much, pumping money into the system to keep things going. s&p 500 up 13% so far this year. all of these uncertainties we talked about, the fiscal cliff, all of that stuff, it is because of the certainty of fed policy many people are telling me, also because they think on wall street the fiscal cliff will be avoided. they think on wall street the only thing left to do is a little bit of shouting over what the top rate will be. 36%, 37%. they think corporate taxes will come down and we know that that is in the latest sort of proposal from the wh
FOX
Dec 12, 2012 6:00am PST
opening. they are waiting for ben bernanke and the federal reserve to see what they plan to do to help the economy move along and what he says, cushion the fall from the fiscal cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from portland where it all happened, good morning, dan. >> reporter: yes, good morning, pam and dave, what a horrible scene this was yesterday. 3:30 in the afternoon, exactly two weeks before christmas, this mall was teeming with shoppers and as many as 10,000 people were inside at the time when shots started ringing out. we understand from eyewitnesses a gunman walked through the macy's store of this maul and then -- mall and then walked to the food court and then fired shots and 5 to 18 more as he shot indiscriminately down the mall area here. we understand two people were killed, a third person was shot, she
CBS
Dec 12, 2012 5:00am PST
if we go over the "fiscal cliff." the fed will also release a revised economic outlook. that will be ben bernanke speaking today at 12:30. and that's the reason the stock futures are higher now. >> i guess yahoo got a bit of a makeover, too. >> reporter: it unveiled new versions of its free email service as it tries to regain some of the ground it los togmail. heand they have new apps. it's the first major product revamp that we have seen at yahoo since marisa mayer took over as the new ceo five months ago. trying to compete with google. that's a tough competitor. see how it goes. >> they're a monsta. >> hour speaker of the house. >> ashley morrison of cbsmoneywatch.com, thank you. >>> you can catch a ride to los angeles from san francisco and it all starts today for a buck. it's part of a promotion from a newest coast service called megabus. double-decker buses will provide trips down to los angeles. there is the bus right there. a live look. and they go to reno, too. the dollar fare by the way is only good for this week. it will go up but looks like you're riding in comfort down to l.a
CNN
Dec 12, 2012 11:00am PST
reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and punishing government spending cuts if there is no deal in washington to craft a softer landing. with me now from los angeles, economist, author, ben stein. ben stein, good to see you, sir. you know, look, despite all we're hearing and seeing out of washington, we can at least discern some movement on this issue of taxes. let me just take you back, house speaker john boehner, his first position was no new taxes. president obama was asking for new taxes totalling $1.6 trillion. after the election speaker of the house ponied up an offer of $800 billion, exactly halfway between his zero and the president's $1.6 trillion.
CNN
Dec 12, 2012 1:00pm PST
. speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a fall in consumer confidence and less business activity and he said that it's impair tea that the congress comes to a deal with the white house and he was asked, do you think that term is correct a. fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff
FOX
Dec 12, 2012 7:00am PST
&p are also up slightly. >>> today is the second day of a two-day policy meeting of the federal reserve. ben bernanke will announce results of the meeting before noon today. he's expected to announce the federal reserve will start a new round of bond buying as it tries to support the tragic economic recovery. bernanke says it is not enough to keep the economy from going over the fiscal cliff but it could help cushion the fall. >>> 8:47. let's bring you up to date on some of the other top stories we're following for you right now -- look at this. a san jose man was arrested after his truck slammed into an apartment building early this morning and children were sleeping inside. luckily nobody was seriously hurt. the building was severely damaged. the 21-year-old was arrested on suspicion of drunk driving. >>> and the united states will be pushing for a united nations security council resolution condemning north korea for lunching that rocket. the u.s. believes north korea uses rocket line of -- launches like that to test its long- range missil technology. >>> and house speaker john boehner thi
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